Plan Snapshot
- Plan Sponsor: Fiberutilities Group LLC C/O Hills Bank And Trust Company
- Sponsor EIN: 200792778
- Sponsor Address: 590 W FOREVERGREEN RD, NORTH LIBERTY, IA, 52317
- Plan Type: 401(k)
- Total Participants: 127
- Total Assets: $10.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 127 | $10.7M | $320,992 | $699,801 |
| 2023 | 116 | $8.7M | $310,808 | $674,560 |
| 2022 | 115 | $6.6M | $336,782 | $626,292 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| HILLS BANK AND TRUST COMPANY | Investment Advisor | $50,310 | — | $50,310 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $50,310
- Estimated Expense Ratio: 0.471% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $50,310 | $50,310 | — | — | — |
| 2023 | $50,045 | $50,045 | — | — | — |
| 2022 | $28,754 | $28,754 | — | — | — |